**CAIRNCASTLE PRESBYTERIAN CHURCH A Congregation of The Presbyterian Church in Ireland** ## **STATEMENT OF FINANCIAL ACTIVITY** **For the year ended 31 December 2023** |**For the year ended 31 December 2023**|**For the year ended 31 December 2023**| |---|---| |**Notes**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total Funds**
**2023**
**Total funds**
**2022**|| |**Income and Endowments from:**|£
£
£
£
£| |Voluntary Donatons
1|71,063
11,323
82,386
76,451| |Charitable activities
2|95
95
290| |Other trading activities
3|1,935
1,935
84| |Investments
4|978
978
1,017| |Other
5|6,263
6,263
4,935| |Total|**80,333**
**11,323**
**91,656**
**82,778**| |**Expenditure on:**|| |Raising funds
6|475
475
500| |Charitable activities
7|76,216
12,635
88,851
93,219| |Other
8|757
3,559
4,316
0| |Total|**77,448**
**16,194**
**93,642**
**93,719**| |**Net Income/ (expenditure)**|2,885
-4,871| ||| |Transfers between funds|-6,710
6,710
0
0| ||| |**Net movement in funds**|-3,825
1,839
-1,986
-10,941| ||| |**Reconciliation of funds:**|| |Total funds brought forward|98,251
30,117
128,368
139,309| |**Total cash funds carried forward**|**94,426**
**31,956**
**126,382**
**128,368**| ||| 13 ## **Statement of assets and liabilities - Year Ended 31 December 2023** ||Unrestricted
Restricted Endowment
**Total**
Total|Unrestricted
Restricted Endowment
**Total**
Total| |---|---|---| ||Funds
Funds
Funds
**2023**
2022|| |**Funds Reconciliation**|£
£
£
**£**
£|| |||| |Cash at bank & in hand carried fwd|98,251
30,117|**128,368**
139,309| |Surplus/(deficit)|-3,825
1,839|**-1,986**
-10,941| |Cash at bank & in hand brought fwd|94,426
31,956|**126,382**
128,368| |||| |||| |**Bank & Cash Balances**||| |Bank Deposit Accounts||**55,092**
52,956| |Bank Current Account||**126,382**
128,368| |Cash in Hand||**0**
0| |||**181,474**
181,324| |||| |||| |**Other Assets (Unrestricted Funds)**||| |||| |||| |||| |||| |**Liabilities (Unrestricted Funds)**||| Approved by the Kirk Session at a meeting on 20th March 2024 and signed on its behalf by 14 ## **NOTES TO THE ACCOUNTS** ## **31 December 2023** ||**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total Funds**
**2023**
**Total funds**
**2022**| |---|---| ||£
£
£
**£**
**£**| |1**. VOLUNTARY DONATIONS**|| |Recorded giving|56,051
56,051
51,652| |Loose collections|1,250
11,323
-
12,573
14,402| |Donations and gifts|600
600
250| |Gift Aid|13,161
13,161
10,706| ||71,062
11,323
0
82,385
77,010| ||| |2**. CHARITABLE ACTIVITIES**|| ||| |Income from charitable activities|95
95| ||95
95| ||| |3**. OTHER TRADING ACTIVITIES**|| ||| |Letting of premises|85
-
-
85
84| |Trading income|1,850
-
1,850| ||1,935
**-**
**-**
1,935
84| ||| |4**. INVESTMENT INCOME**|| ||| |Bank|365
365| |Deposit interest|410
410
698| |Dividends|203
203
319| ||978
978
1,017| ||| |5**. OTHER INCOME**|| ||| |Special collections|4,830
4,830
4,585| |Legacies and bequest|| |Donations from organisations|545
545
350| |Other|888
888| ||6,263
11,323
6,263
4,935| ||| |6**. RAISING FUNDS**|| ||| |FWO Envelopes|475
-
-
475
500| ||-
-| ||| |7**. CHARITABLE ACTIVITIES**|| ||| |General Assembly assessments|14,157
-
14,157
13,566| |Presbytery fees|756
-
756
727| |Ministry and support staff costs|48,572
-
48,572
49,957| |Running expenses|12,130
7,798
-
19,928
11,211| |Donations to missions and charities|8,396
-
8,396
10,639| |Governance costs|600
-
600
576| |Other donations|-
0
0| ||76,215
16,194
-
92,409
86,676| ||| |8**. OTHER EXPENDITURE**|| |Other Expenditure|757
-
-
757| 15 |**NOTES TO THE ACCOUNTS**|| |---|---| |**31 December 2023**|| ||| ||| |9**. EMPLOYEES**|| ||**Total Funds**
**2023**
**Total funds**
**2022**| ||£
£| |Wages and salaries inc NIC|39,652
36,947| |Pension contributions|8,417
8,017| ||48,069
44,964| ||| |**Number of Employees**|| |The average number of employees, including the minister, in the congregation, during the year was:|| |**2023**
**2022**|| |Average number of employees
1
**1**|| ||| |There were no employees in receipt of employee benefits in excess of £60,000.|| ||| ||| |10**. PENSION COSTS**|| ||| |The minister of the congregation is a member of the Presbyterian Church in Ireland Pension Scheme
(2009), a separate registered charity operated by the Presbyterian Church in Ireland. Code (2023) par 318.|| |Pension contributions determined by the Scheme and made by the congregation during the year were:|| ||**2023**
**2022**| ||£
£| |Contributions|8,418
8,017| ||| ||| |**11. TANGIBLE FIXED ASSETS**|| ||| |The congregation owns a manse at 5 Cairnhill Crescent, Ballygally, Larne, Co Antrim,|BY40 2QT, with an| |insured value of £304,645|| ||| ||| |**12. INVESTMENTS**|| ||**2023**
**2022**| |Holding|30,529
30,529| |General Investment Fund|10,381
9,520| |NICIFC|14,181
12,908| |Total Investment|55,091
52,957| ||| ||| |**13. CASH AT BANK AND IN HAND**|| ||**2023**
**2022**| ||£
£| |Cash in bank and in hand|126,382
128,368| |Deposit accounts|55,091
52,956| ||181,473
181,324| ||| ||| ||| ||| ||| ||| ||| 16 **NOTES TO THE ACCOUNTS 31 December 2023** ## **14. FUNDS BALANCES** ||IncomeExpenditure
Transfer
Balance At
start
Balance At
end| |---|---| ||£
£
£
£
£| |**Unrestricted Funds**|| |General Fund|80,334
77,449
-6,710
98,251
94,426| ||| |**Restricted Funds**|| |**Property Funds**|| |Building & Repair Fund|3,559
5,329
23,791
25,561| |**Missions and Charities**|| |Missions & Charities|7,016
8,396
1,381
0
0| |**Organisational Funds**|| |BB|1
30
580
550| |GB|675
602
476
549| |PW|1,387
1,376
227
238| |Senior Bowls|315
269
312
358| |Youth Club|0
20
1,507
1,487| |Friendship Club|1,076
832
277
521| |Rainbow Club|854
882
42
15| |Catering|0
228
2,905
2,677| |Total organisations|4,307
4,239
6,326
6,395| |**Total** **Restricted**|11,323
16,194
6,710
30,117
31,956| ||| ||| |**Endowments**|Gains/Losses| |Holding Fund|30,528
30,528| |General Investment Fund|862
9,519
10,381| |NICIFC|1,273
12,908
14,181| |Total Investment|2,135
52,956
55,091| |**TOTAL**|**91,658**
**93,643**
**2,135**
**181,324**
**181,473**| ||| ||| ||| |**15. RELATED PARTY TRANSACTION**|| ||| |None of the trustees received any remuneration during the year in connection with their duties.|| ||| |During the year, the congregation contributed the following amounts to Funds of the General|| During the year, the congregation contributed the following amounts to Funds of the General Assembly of the Presbyterian Church in Ireland, a separate registered charity: |Assembly Buildings|**61,185**| |---|---| |United Appeal|**6,848**| |World Development Appeal|**957**| |**There were no other related party transactions.**|| 17